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Last Updated : Mar 29, 2019 11:37 AM IST | Source: Moneycontrol.com

Top buy and sell ideas by Ashwani Gujral, Mitessh Thakkar, Prakash Gaba for short term

Ashwani Gujral of ashwanigujral.com recommends buying Syndicate Bank with a stop loss of Rs 40, target of Rs 47, Indian Bank with a stop loss of Rs 274, target of Rs 286 and Indiabulls Housing Finance with a stop loss of Rs 800, target of Rs 825.

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The market hit a fresh six-month high and closed the March series expiry day on a strong note on March 28. The Nifty50 crossed its recent swing high and moved closer to 11,600 levels while the Bank Nifty ends at record closing high on hope of rate cut in April policy meeting and recapitalisation of PSU banks.

The BSE Sensex rallied 412.84 or 1.08 percent to 38,545.72 while the Nifty50 climbed 125 points or 1.09 percent to 11,570 and formed bullish candle on daily charts. In March series, BSE Sensex surged 7.5 percent and Nifty50 jumped 7.2 percent, the biggest gains in a series since January 2015.

According to the Pivot charts, the key support level is placed at 11,485.5, followed by 11,401. If the index starts moving upward, key resistance levels to watch out are 11,621.5 and 11,673.

Close

The Nifty Bank index closed at 30,420.55, up 400.75 points on March 28. The important Pivot level, which will act as crucial support for the index, is placed at 30,094.43, followed by 29,768.27. On the upside, key resistance levels are placed at 30,621.43, followed by 30,822.27.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

Ashwani Gujral of ashwanigujral.com

Buy Syndicate Bank with a stop loss of Rs 40, target of Rs 47

Buy Indian Bank with a stop loss of Rs 274, target of Rs 286

Buy Indiabulls Housing Finance with a shttp://www.moneycontrol.com/india/stockpricequote/personal-care/daburindia/DItop loss of Rs 800, target of Rs 825

Buy Adani Ports with a stop loss of Rs 376, target of Rs 392

Buy Muthoot Finance with a stop loss of Rs 600, target of Rs 625

Mitessh Thakkar of mitesshthakkar.com

Buy Piramal Enterprises with a stop loss of Rs 2660 and target of Rs 2750

Buy ITC with a stop loss of Rs 295 and target of Rs 310

Buy HCL Tech with stop loss of Rs 1065, target of Rs  1120

Sell Dabur India with a stop loss of Rs 417 and target of Rs 400

Prakash Gaba of prakashgaba.com

Buy Nestle India with target at Rs 11400-11500 and stop loss at Rs 10800

Buy Indian Bank with target at Rs 300 and stop loss at Rs 264

Buy Siemens with target at Rs 1130 and stop loss at Rs 1060

Buy Tata Consultancy Services with target of Rs 2050 and stop loss at Rs 1970

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​

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First Published on Mar 29, 2019 08:17 am
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